Duchemin-Leslie Nadine 4
4 · MIDDLESEX WATER CO · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Middlesex Water (MSEX) CEO Nadine Duchemin-Leslie Receives Award
What Happened
Nadine Duchemin-Leslie, President and CEO of Middlesex Water Co. (MSEX), was awarded 4,630 shares on March 1, 2026. The shares are valued at $54.00 each (total value $250,020), reported on a Form 4 filed March 2, 2026. This was an award/grant (transaction code A) under her employment arrangement, not an open-market purchase.
Key Details
- Transaction date: 2026-03-01; Form 4 filed: 2026-03-02 (appears timely).
- Shares awarded: 4,630; per-share price used: $54.00 (price as of close on Feb 27, 2026).
- Reported total value: $250,020.
- Footnotes: F1 — award made pursuant to an Employment Agreement; F2 — $54.00 is prior trading-day close price used for valuation.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Transaction code: A (award/grant); no sale, exercise, or 10b5-1 plan noted in this report.
Context
This is a compensation-related equity award under an employment agreement — common for executives and generally reflects compensation, not a direct market signal like an insider purchase or sale. Awards can be subject to vesting or other restrictions (not detailed here); consult the full Form 4 or company proxy for vesting/restriction terms if relevant.
Insider Transaction Report
- Award
Common Stock (Restricted Stock Book)
[F1][F2]2026-03-01$54.00/sh+4,630$250,020→ 11,307 total
- 4,793
Common Stock (Book)
Footnotes (2)
- [F1]Represents the number of shares awarded to Reporting Person pursuant to an Employment Agreement between the Reporting Person and the Issuer.
- [F2]Price as of close of business February 27, 2026, the trading day immediately preceding the award date.